Have you ever thought about the benefits of being involved in retail real estate? Investing in that industry can drastically change your business direction. Today, Shlomo Aron, an Associate Investment Advisor at The Lewkowicz Group with Encore Real Estate Investment Services, compares multifamily to retail real estate and discloses how you underwrite or investigate deals to invest in or purchase.
Shlomo offers a unique national perspective on commercial investments as well as a strategic marketing campaign to enable his clients the ability to achieve the best values for their properties and advises high net worth individuals, family offices, large trusts, and private investors to perfect their investment strategies. Shlomo specializes in single and multi-tenant retail properties, cannabis assets, and hospitality properties. Whether it is an institutional REIT or an independent owner, Shlomo proves himself to be an invaluable member of each investment team that he is a part of.
Let’s dig into the current state of retail industrial properties!
Getting to know Shlomo - [00:01 – 04:09]
Shlomo shares his background and work
His experience doing bookkeeping for an asset management company
Brokering single-family houses
How he started at Encore Real Estate Investment
The Current State of Retail Industrial Properties [04:10 – 25:32]
How to evaluate a retail property as an alternative investment strategy
The difference between the underwriting of the retail vs multifamily
How property taxes work on retail real estate
The tenant pays for the taxes
Shlomo’s insights about checking the credit rating to verify tenants will reliably pay
Major tenants vs small tenants value adjustments
Set up a qualitative cap rate
Shlomo explains what a triple net lease means
Tenants have to pay for everything that happens to the property
Tenants are responsible for taxes, insurance, and maintenance
The Quattro Trio - [25:33 - 32:00]
What is your superpower?
What is your biggest learning?
Know what people you need
Want to can connect with Shlomo? Follow him on LinkedIn and Facebook. You can also reach him at Shlomo@encorereis.com Go and visit Encore Real Estate Investment Services; dedicated to assisting clients in the acquisition and disposition of net leased and multi-tenant retail properties across the country!
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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.
“Triple Net Lease is a win-win for both; landlord just gets his paycheck, his rent every month, and leaves the tenant alone.” - Shlomo Aron
“You really have to understand that, who you come off to the competition, who you speak to, with other people is going to affect your name” - Shlomo Aron
“Who you trust affects who trust you.” - Shlomo Aron